GANDYS FOUNDATION (a ¢¢)mpany limit•d by guarant) TRUSTEES. REPORT AND UNAUDITED FINAJICIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 Charity No. 1152918 Company No. 08516239 •ACXRJX4H• 27102r2024 CCWPMIES HOUSE *175
Gandys Foundatlon Year Ended 31 May 2023 CONTENTS LEGAL AND ADMINISTr4TIVE INFORMATION TRUSTEES, REPORT INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES STATEMENT OF FINANCIAL ACTIVITIES 8ALANCE SHEET ACCOUNTING POLICIES 10 NOTES TO THE FINANCIAL STATEMENTS 12
Gandys Foundatlon Y•ar Endod 31 May 2023 LEGAL AND ADMINISTrATIVE INFORMATION GOVERNANCE The organisation is a charitable company limiled by guaraniee. incorporated in England on 3 May 2013 and registered as a charity on 17 Juty 2013. The company was established under a Memorandum of Association. The serving trustees elect the trustees. TRUSTEES Paul Forkan Robert Forkan Preel Legha Nicholas Robèrtson {appointed 20.6.23) DIRECTORS Preet Legha Nichdas Robertson (appointed 1.3.23} PRINCIPAUREGISTERED OFFICE Suite 82 The Old Church Quicks Road London SW19 1EX BANKERS Metro Bank One Southampton Row London WC1B SHA ACCOUNTANTS A Wood and Co LLP Chartered Accountsnts 18-20 Moorland Road Burslem Stoke on Trent ST6 1DW
Gandys Foundatlon Year Ended 31 May 2023 LEGAL AND ADMINISTRATIVE INFORMATION POWERS OF INVESTMENT The trustees are authorised by the Memorandum of Association to deposit or invest funds. employ a professional fund manager and arrange for thè investments or other property of the Charity to be hekl in the namè of a nominee. LIABILITY OF MEMBERS The liability of the memb8rs as set out in the MemoraTrJum of Assooation of the ompany is as follows.. "Each member of the Charity undertakes tha¢ rfthe Charity is wound up whib he is a member. or "thin one year aftèr he ceases to be a member, he will continue 8 sum not exwding £1 to the assets of thè Charity for.- payment of the debts li8bHilies of the Charity contraoted before he ceases as member.. payment olthe costs, charyes and expenses Ornding up,. and adjustment of tha rights of th8 contributions amount Ihemselves..
Gandy$ Foundatlon Year Ended 31 May 2023 TRUSTEES. REPORT The trustees, who act as directors for the Purposes of company law. present their report along with the financial statements of the trust for the year ended 31 May 2023. OBJECTIVES AND ACTIVITIES The objects of the Charity are for the public nefft. 1. to provide relief to those in need by reason of youth. age. ill-health, disability, financial hardshlp or other disadvantage by providing or procuring the provision of services. education, training. consultancy, advu, support, counsellin9, guidance, grants. scholarships. awards materials in kind to Indivlduals or other organisats'ons with a charitable purpose; 2. to furth8r such other exclusively charitabl8 purpc)ses according to the law of England and Wales as the Trustees in their absolute dlscretion from time to time detemine. FINANCIAL REVIEW The ststement of finanual actiwties is on page 7. Totsl incoming resources for the year amounted to £147,35412022: £58.638). There was a net profftl(deficitl of incoming over outgoing resources of £39.683 (2022.1 £20.510)) which has been transferred out of unrestricled arKI restrtted funds as appropriats. Major fund8rs Incl Mr arKI Mrs Barton and Gandys Intemational.
Gandys Foundation Year Ended 31 May 2023 The trust's assets are h8kJ-for the generath)n of inv8stment income for the financing of operations. In the opinion of the Board. the fvnds held at 31 May 2023 were avaiFable and adequ8te to fulfil the trust's existing oblBatKins. There have been no Material ¢hanges in the pol10$ of the chaiity during the year. DIRECTORS The directors during the yèar und8r review were: Preet Legha Paul Forkan (resigned 17.4.23) Robert Fofkan (resigned 14.4.23) Nicholas Robertson (appointed 1.3.23) SMALL COMPANY PROVISIONS This report has been prepared in a¢Gordance with th8 smal companies regime under the Companles Act 2006. RESERVES The Board has reviewed th6 reserves of the Charity. This review èncompassed the nature of the inwme and expenditure streams, the need to match variable income with rixed commitments and Ihe nature of the rewves. The year end positton shows that unrestricted funds are £67,192 {2022: £27.5091'and restricted £nil (2022.. £nil). TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Company law requires the trustees to ppare financial statements for each financial year which give a true and fair view of the stste of the affairs of the charitabl8 company as al the balance Sheet date and of its incoming resources and application of resources. including income and expenditure. for the financral year. In preparing those financlal statements. the trustees should folkyw best practice arvj.. Select suitable accounting policies and then appty them consistently. ObseNe the methods and principles in the Charilies SORP: Make judgements and estimales that are reasonable and pyudent., State whether applicable UK Aocounting Standards have b99n foll(yw8d. subject to any material departures disdosed and explained in the finanGi81 statements- Prepare the finandal ststements on the going concem basis unless it is inappropriate to assume that the charitable company w1 continue on that basls. The trustees are responsib for maintaining wop8r aw)unling records vthich disclose with asonable accuracy at any time financial positk?n of the tharitabl8 company
Gandys Foundallon Year Ended 31 May 2023 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS - continued and to enable them to ensure Ihat the finanaal statements comply wlth Ihe Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detedion of fraud and other irregularilies. Chalr's Roport for Ac¢ounts and Public 8ent 2022-23 The G8ndys Foundation continued to thrive wtlh donations in 202W2023 from Mr and Mrs Barton. Gandys International and M Hutchings to name but a few. These donations enabled us to continue to fund the running costs of our Rio and Sri Lanka campus, 5UPPOrt our Nepalese and Mongolia charity partners and continue to donate funds to the Malawi food prograrnme. In 2023 our 6th campus in Guatemala opened. Our only operating costs are acwuntants, fees as we am work on a voluntary basis. We are not committed to running costs for any Charity project and only agree funds to support projects when we have the funds in har. Looking ahead l am delighted to announ support for a second campus in Braz51 and fijrther ts¥o projects in Ghana and Bali. Preet Leg Gandys Foundation 19 February 2024
Gandys Foundation Year Ended 31 M4y 2023 INDEPENDENT EXAMINER'S, REPORT ON THE ACCOUNTS TO THE TRUSTEESDIRECTORSIMEM8ERS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF GANDYS FOUNOATION FOR THE YEAR ENDED 31 MAY 2023 SET OUT ON PAGES 7 TO 15. I report to the charity trustees on my examinatiM of the accounts of the Company for the year ended 31 May 2023. R•sponslbllttles and bas1$ of report As the tharity's Irustees of Iha Company (wtrKJ are a150 Ihe directors of the company for the purposes of eompany18w}, you are reSwnSib for the preparatM)n of the accounts in accordance wlth tho rgquirgmonts oftho Companigs Aci 2006 llhe 2006 Acri. Having satisfied myself that the aftts of the Company are not required to be audlted for Ihls year uftder Part 16 of the 2006 Act aThJ are elBJible lor independent examinalion. I report in SpeCt of my examlnation of your charity's accounts as carred ¢yJt under section 145 01 the Chariti&5 Acl 2011 1.the 2011 Acf). In carrying Out my examination, I have fc41owed the Direcllor6 given by the Charity Commbsion (under sKtisy) 14515)Ib} of the 2011 ACL Indopend•nt 0xamlnoVs slat•m•nt I have cOmet8d my 8xamination. I crmfim) that malglial mattars have come to my attentson, give me ¢auso to be0 thal.. acc(wnling records were not kept in accor(lance with section 386 of th8 Companie5 Act 2006: or the accounts do not accofd with such records.. or the accwnts do not comply with rdevanl account iequirernen15 under sectlon 398 of th8 Companies Act 2CN)6 olher than any requirement that the accounts give a 'true and falrf view which is not a matter consore(l as part of an irKlependent ex8min8tion'. or the accounts have not bgen prepared in accordarKe wrth the Chanlies SORP (FRS102). C Pary ACA Date: 19 February 2024 A Weod and Co LLP Chartered Accountants 1&20 Moor¢and Road 8urslem Stoke on Trent Stsffs ST6 1DW
Gandys Foundatlon STATEMENT OF FINANCIAL ACTIVIMES Year Ended 31 May 2023 Note Unfestricted Restricted fund funds Yèar Year to Endod 31.05.22 31.05.23 INCOMING RESOURCES INCOMING RESOURCES FROM CHARITABLE ACTIVITIES.. Donatlons and legacies TOTAL INCOMING RESOURCES 147.354 147,354 58.638 147.354 147,354 58.638 RESOURCES EXPENDED Governance Costs Charitable Activities Other Resources Expandad TOTAL RESOURCES EXPENDED 921 106,750 921 106,750 1.146 78,082 107,671 107 671 NET (EXPENDEDVINCOMING RESOURCES- NET INCOME FOR THE PERIOD 39.683 39,683 120,510) MOVEMENT IN FUNDS Totsl funds at 31 May 2022 39.683 27.509 39,683 {20.510) 27,509 48,019 TOTAL FUNDS AT 31 May 2023 67.192 67,192 27,509 The charity has no recognised gains or lossès oth8r than the net movement in funds for the year.
Gandys Foundatlon STATEMENT OF COMPREHENSIVE INCOME Year Ended 31 May 2023 2023 2022 IDeficttysurplJs for the year Total comprehenswe irwme for the y8ar 39.683 39,683 20,510 20,510 STATEMENT OF CHANGES IN EQUITY Unrestricted fijnds Totsl At 1 June 2022 Surplus for the year 27.509 39,683 Total comprehensive i1me At 31 May 2023 Unrèstri¢t8d fund5 Total At 1 June 2021 Surplusl(Deficit) for the year 20,510 20.510 Total compr8hensive Iorne At 31 May 2022 20.510 20,510
Gandys Foundatlon BALANCE SHEET Charity No. 1152918 At 31 May 2023 Note 31.0523 31.05.22 CURRENT ASSETS Cash at bank and in hand Other debtors 67.852 28.169 67,852 28.169 CREDITORS. Amounts falling due within one year NET ASSETS 67.192 27.509 Unrestricted funds: General funds 67.192 27,509 67.192 27,509 Restricted funds TOTAL FUNDS 67,192 27.509 For the year ending 31 May 2023 the charitable wnpany was entstled to exemption under section 477 of the Companies Act 2006. The members have not requirèd the company to obtain an audit in accordanc8 With section 476 of th8 Companies Act 2006. The trusteesldirectors acknowledge their responsibilities for comptying with the requiraments of the Companies Act 2(X16 with respect to COuntI records and the preparation of accounts. The finanual statements were approved by the trustees on 19 Felxuary 2024 and signed on their behalf by-. Pre8t Le - Director
Gandys Foundatlon Year Ended 31 May 2023 ACCOUNTING POLICIES The following accounting pollcies have been appked consistenty In dealing wllh items which are considered material in relation to the charity's financHI statements: BASIS OF PREPAFi4TION Th8 financial siatements have been wepared under the histor21 cosl a)untIng rules and in accordence vth appllcable a¢counting standards. The financial staternents have been prepared in acc4)rdance wtlh the Charities SORP (FRS102}. The financial statlents havé b8en prepared in accordance Y•ryth Financial R8POrting Slandard 102. GOING CONCERN The Directors of Ihe Charlty are aware that in the absence of lunding becomin9 available within a reasonable timescale, a decision to liquidate the company would need to b8 implemented to avoid insofvent trading. INCOMING RESOURCES Voluntsry income is received by way of donations and gifts and is induded in full in the Stalemenl of Financial Activities when received. The value of serrfices provided by volunteers has not been induded. Grants. induding grants for the purchase of red assets. are recognised in full in the Statement of Financial Aclivities in the year in vthich they are receivable. RESOURCES EXPENDED Resources expended are recognised on an aciyuals basis. Resourcos expended include attributable VAT, which cannot be rècovered. Resources expended are allocated to the parti(xJlar activity where the cost relates dlrectiy to that actlvlty. Costs are apped on a use basls where appropdate. TAXATION As a registered charty the trust is exernpt from ItabilMy to corporatlon tax and no provision for taxation is theretse made. io
Gandys Foundatlon Year Endgd 31 May 2023 ACCOUNTING POLICIES FUND ACCOUNTING Restricted fvnds are to be used for speiific purposes as laid by the donor. Expenditure which meets this crileria is charged to the fund, together with a falr allocation ol management and support costs. UnrestriGled funds aTr unrestricted funds which Ihe trustees ai8 free to use in 8Gcordance with the objects of the charity. Designated lunds are unrestricted furKls which have been allocated for specffic purposes by the trustses. RESOURCES EXPENDED Expenses have been aFPOrtv)ned bètween the different types of costs by the charity Manager. li
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for Ihe year ended 31 May 2023 INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITYS OBJECTS Y••r Year ended ended 31.05.23 31.05.22 Total Total Donatlons 8rMJ lega¢ies Various Mr & Mrs Barton CAF GarKlys Intemational 21,325 61.000 21.325 24.012 61,000 10,000 5,000 65,029 19,626 65,029 147 354 58,638 2 TAXATION The charty is exempt from Corporati tax on tts charitable activities. 12
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2023 TOTAL RESOURCES EXPENDED Generaiing Funds Charftablfr GovemwKe oth Resources Yo•r Year pndgd ended 31.0523 31.05.22 Total Totsl Afri&in Vis Malawl 8,941 8.941 10.093 Projec4 Favela 26,350 20,TTe Chora Ch1 23250 23.29) 16.091 Velco Foundalb)n 1,495 1.495 25,918 &Jndry donalons 755 755 Sri Lonka Frwjorn for dwldren 15.384 15.384 5,150 Casa Gua*mala 30.S75 30.SY5 Svndry Exp8ns•s rthntsncy 720 Bank charg•s & irtereBt 261 261 320 106.750 921 107 671 OEBTORS Year Year endod ended 31.0&23 31.05.22 Other debtors 13
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for Ihe year ended 31 May 2023 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Year Year ended ended 31.05.23 31.05.22 Accrued expenses 660 1,260 660 1,260 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlded general fund$ Restricted Tatsl Current assets Current liabilities 67,852 (660) 67,852 1660) NET ASSETS At 31 May 2023 67.192 67,192 MOVEMENT IN FUNDS At 31 May 2022 Incoming Oulg)ing At31 reswrces reS0CeS May 2023 Restricted fiJnds: General (see note 3) Total restri¢ted funds Unrestrlcted lunds- General funds 27.509 147.354 {107,671) 67,192 Totsl unrestricted fvnds 27.509 147,354 {107,671) 67,192 TOTAL FUNDS 27.509 147,354 {107,671) 67,192 14
Gandys Foundation NOTES TO THE FINANCIAL STATEMENTS for the year 8nded 31 May 2023 RELATEO PARTY TRANSACTIONS INDEPENDENT EXAMINATION The net fee for the Independent Examination was £250 (2022 £250) and also £300 12022 £300) for the preparatlon crf the accounts. 10 EMPLOYEES There wère no empbyees during the yew (2022 nil). 15